Production Function Estimation without Invertibility: Imperfectly Competitive Environments and Demand Shocks
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We advance the proxy variable approach to production function estimation. We show that the invertibility assumption at its heart is testable. We characterize what goes wrong if invertibility fails and what can still be done. We show that rethinking how the estimation procedure is implemented either
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美国国家经济研究局创建时间：
2025-06-01
